Uranium Energy | Wave Analysis & Future Price
Why It Matters
Uranium’s price direction affects mining equities, nuclear fuel contracts, and broader energy portfolios; a break below $9.40 could trigger significant downside risk for investors.
Key Takeaways
- •Uranium price may be in Elliott Wave third wave since 2020.
- •Current correction began October 2025, forming a three‑wave decline.
- •Support level for wave‑four scenario sits around $9.40 per pound.
- •Break below $9.40 triggers wave‑two, risking $6.94‑$5.38 zone.
- •Golden‑ratio retracements define lower bound, indicating deeper downside risk.
Summary
The video dissects uranium’s price trajectory through Elliott Wave theory, proposing that the market is riding a larger third wave that originated in 2020. After a secondary wave completed in 2023, the sector entered a corrective phase in October 2025, now manifesting as a three‑wave decline. Key data points include a potential wave‑four corrective low near $9.40 per pound and a deeper wave‑two scenario that could push prices toward the 61.8%–78.6% Fibonacci retracement zone between $6.94 and $5.38. The analyst stresses that a decisive break below $9.40 would shift the wave count, opening the door to a more pronounced pullback. The presenter emphasizes, “If we break decisively below $9.40 it should be rather the wave two scenario,” underscoring the importance of that price threshold. The discussion also references the golden‑ratio retracements as critical technical markers for gauging the lower support. Implications are clear: investors should monitor the $9.40 level closely, as it determines whether uranium will stabilize or face a steeper decline, influencing mining stocks, ETFs, and contracts tied to the commodity’s price.
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